Real-World tokenization project Keeta is planning to offer digital power holders access to credit services, including mortgages and small business loans, built via a new platform for blockchain-native financial identity.
With crypto and blockchain acceptance in the turnout, Keeta Network (KTA) announced the coming launch of Pass, a verified financial identity platform. The initiative is a collaboration between Keeta and Solo, a credit data infrastructure provider, published according to a press release on 5 June.
According to the KeetA team, the pass platform is designed as a bank quality, blockchain-Native Credit Bureau with functions such as Know Your Customer, Know Your Business and verifiable references for income and crypto-asset. These tools are intended to enable banks and lenders to extend services to crypto-Native users by using the visibility of Pass to endorse credit.
“While the adoption of digital assets is accelerating, Keeta’s Blockchain is the first to tackle the scale and regulatory overhead for a credit office for chains, which opens the door for loans, borrowing, mortgages, stablecoin payments and more,” said Ty Schenk, Chief Executive, said in a statement.
Schenk emphasized that Pass was built to bridge the gap between traditional finances and the digital assets ecosystem.
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“This is the first time that a blockchain network has made Real-World financial references, such as income, assets and identity, verifiable, tokenized and trusted for lending,” noted Georgina Merhom, founder of Solo.
Keeta, supported by former Google Chief Executive & Chairman, Eric Schmidt, is a blockchain network with a built-in compliance framework. The project is looking at traction in the Real-World Activa-Tokenization industry that is currently set on fire all over the world.
Global companies and institutions can now add any assets to tap the enormous potential of blockchain, with the sector growing rapidly to more than $ 23 billion in 2024.
The rollout of Keeta’s on-chain credit system will take place in phases in collaboration with Solo. It is expected that verified financial profiles go live in the summer of 2025, with additional functions, including a credit market, on Stablecoin -based loan student and bank integrations, planned for later release.
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Credit : cryptonews.net
